Maxar Technologies (NYSE:MAXR) Price Target Raised to $45.00

Maxar Technologies (NYSE:MAXRGet Rating) had its price target boosted by TD Securities from $43.00 to $45.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 49.65% from the stock’s current price.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on Maxar Technologies from $47.00 to $49.00 in a report on Tuesday, May 10th. BMO Capital Markets reduced their target price on Maxar Technologies to C$33.00 in a report on Wednesday, February 23rd. Bank of America downgraded Maxar Technologies from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $36.00 to $25.00 in a report on Tuesday, May 17th. Citigroup raised Maxar Technologies from a “hold” rating to a “buy” rating and cut their price target for the stock from $42.00 to $38.00 in a report on Tuesday, May 10th. They noted that the move was a valuation call. Finally, Canaccord Genuity Group raised Maxar Technologies from a “hold” rating to a “buy” rating and cut their price target for the stock from $42.00 to $38.00 in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Maxar Technologies presently has a consensus rating of “Buy” and a consensus price target of $39.67.

NYSE MAXR traded up $1.21 during mid-day trading on Thursday, reaching $30.07. 28,818 shares of the company’s stock traded hands, compared to its average volume of 851,095. Maxar Technologies has a 1-year low of $22.92 and a 1-year high of $42.59. The company has a fifty day simple moving average of $34.29 and a 200-day simple moving average of $30.97. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.40. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 2.54 and a beta of 1.30.

Maxar Technologies (NYSE:MAXRGet Rating) last released its earnings results on Monday, May 9th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Maxar Technologies had a return on equity of 5.39% and a net margin of 6.90%. The company had revenue of $405.00 million for the quarter, compared to the consensus estimate of $416.49 million. During the same quarter last year, the business posted ($1.30) EPS. Maxar Technologies’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Maxar Technologies will post 0.35 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of MAXR. First Republic Investment Management Inc. acquired a new stake in shares of Maxar Technologies in the fourth quarter worth $255,000. Advisor Group Holdings Inc. boosted its position in shares of Maxar Technologies by 7.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 32,406 shares of the company’s stock worth $957,000 after buying an additional 2,246 shares during the period. Raymond James & Associates boosted its position in shares of Maxar Technologies by 2.2% in the fourth quarter. Raymond James & Associates now owns 82,949 shares of the company’s stock worth $2,449,000 after buying an additional 1,802 shares during the period. Schroder Investment Management Group boosted its position in shares of Maxar Technologies by 28.3% in the fourth quarter. Schroder Investment Management Group now owns 2,197,077 shares of the company’s stock worth $64,880,000 after buying an additional 484,325 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Maxar Technologies by 2,493.9% in the fourth quarter. Victory Capital Management Inc. now owns 593,205 shares of the company’s stock worth $17,517,000 after buying an additional 570,336 shares during the period. Institutional investors own 74.52% of the company’s stock.

About Maxar Technologies (Get Rating)

Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.

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